Bank of China contributed to $2.5 billion USD syndicated revolving credit facility to Omnicom Capital for general corporate purposes in 2023 (Linked to Record ID#105991, #105992 and #105993)

Project narrative

On July 31, 2014, financial close was reached on a deal in which a syndicate of 32 banks — including Bank of China, New York Branch — entered into a $2.5 billion USD syndicated loan agreement with Omnicom Capital Inc. and Omnicom Finance PLC, subsidiaries of Omnicom Group Inc., a multinational advertising and public relations company headquartered in New York City. The maturity of the loan is five years, and the interest rate is LIBOR plus an applicable margin. The loan has an option to be extended. The loan is guaranteed by Omnicom Group Inc. The use of proceeds is for general corporate purposes. While Bank of China contributed $25 million USD to this loan (Record ID#105991), the following lenders also participated: Citibank, N.A. ($129 million USD), JPMorgan Chase Bank, N.A. ($129 million USD), HSBC Bank USA, National Association ($129 million USD), Wells Fargo Bank, National Association ($129 million USD), BNP Paribas ($129 million USD), U.S. Bank National Association ($120 million USD), Barclays Bank PLC ($110 million USD), Deutsche Bank AG New York Branch ($110 million USD), Societe Generale ($110 million USD), The Bank of Tokyo-Mitsubishi UFJ, Ltd. ($110 million USD), Banco Bilbao Vizcaya Argentaria, S.A. New York Branch ($100 million USD), Bank of America, N.A. ($100 million USD), Danske Bank A/S ($100 million USD), ING Bank N.V., Dublin Branch ($100 million USD), Intesa Sanpaolo S.p.A. - New York Branch ($100 million USD), RBC Royal Bank ($100 million USD), Sumitomo Mitsui Banking Corporation ($100 million USD), PNC Bank, National Association ($75 million USD), Lloyds Bank plc ($50 million USD), Mizuho Bank, Ltd. ($50 million USD), TD Bank, N.A. ($50 million USD), The Bank of Nova Scotia ($50 million USD), The Northern Trust Company ($50 million USD), Standard Chartered Bank ($45 million USD), Australia and New Zealand Banking Group Limited ($25 million USD), Comerica Bank ($25 million USD), KeyBank National Association ($25 million USD), National Australia Bank Limited ($25 million USD), Nordea Bank Finland plc ($25 million USD), The Governor and Company of the Bank of Ireland ($25 million USD), UniCredit Bank AG, New York Branch ($25 million USD), and Westpac Banking Corporation ($25 million USD). On July 31, 2016, the lenders and borrower agreed to extend the maturity of the loan by two years with a final maturity date on July 31, 2021. BOC’s participation is recorded in Record ID#105992. On February 14, 2020, the borrower and a syndicate of 27 banks — including Bank of China, New York Branch — entered into a $2.5 billion USD syndicated loan agreement. The maturity of the loan is five years, and the interest rate is LIBOR plus an applicable margin. The use of proceeds is for general corporate purposes. While Bank of China contributed $25 million USD to this loan (Record ID#105993), the following lenders also participated: Citibank, N.A. ($183.33 million USD), JPMorgan Chase Bank, N.A. ($183.33 million USD), Wells Fargo Bank, National Association ($183.33 million USD), Bank of America, N.A. ($150 million USD), Barclays Bank PLC ($150 million USD), BNP Paribas ($150 million USD), Deutsche Bank AG New York Branch ($150 million USD), HSBC Bank USA, National Association ($150 million USD), Banco Bilbao Vizcaya Argentaria, S.A. New York Branch ($100 million USD), ING Bank N.V., Dublin Branch ($100 million USD), Mizuho Bank, Ltd. ($100 million USD), MUFG Bank, Ltd. ($100 million USD), Societe Generale ($100 million USD), Sumitomo Mitsui Banking Corporation ($100 million USD), TD Bank, N.A. ($100 million USD), U.S. Bank National Association ($100 million USD), Intesa Sanpaolo S.p.A. ($50 million USD), Royal Bank of Canada ($50 million USD), Standard Chartered Bank ($50 million USD), The Bank of Nova Scotia ($50 million USD), The Northern Trust Company ($50 million USD), Australia and New Zealand Banking Group Limited ($25 million USD), Danske Bank A/S ($25 million USD), National Australia Bank Limited ($25 million USD), UniCredit Bank AG, New York Branch ($25 million USD), and Westpac Banking Corporation ($25 million USD). On October 26, 2020, the borrower and the lenders entered into an agreement in which they altered certain definitions. On June 2, 2023, the borrower and a syndicate of 23 banks — including Bank of China, New York Branch — entered into a $2.5 billion USD syndicated loan agreement. The maturity of the loan is five years, and the interest rate is SOFR plus an applicable margin. The use of proceeds is for general corporate purposes. While Bank of China contributed to this loan (Record ID#105994), the following lenders also participated: Citibank, N.A.; JPMorgan Chase Bank, N.A.; Wells Fargo Bank, National Association; Bank of America, N.A.; Barclays Bank PLC; BNP Paribas; Deutsche Bank AG New York Branch; HSBC Bank USA, National Association; Mizuho Bank, Ltd.; Societe Generale; Sumitomo Mitsui Banking Corporation; The Toronto-Dominion Bank, New York Branch; U.S. Bank National Association; Australia and New Zealand Banking Group Limited; Banco Bilbao Vizcaya Argentaria, S.A. New York Branch; ING Bank N.V., Dublin Branch; Standard Chartered Bank; The Bank of Nova Scotia; Danske Bank A/S; National Australia Bank Limited; The Northern Trust Company; and Westpac Banking Corporation.